1:2 Bonus Share: Industrial Equipment Stock Issues Bonus Share Allotment Update

Small cap company operating in heavy electrical equipment sector, Aartech Solonics Ltd shares hit second consecutive lower circuit today. Current market price of Aartech Solonics shares on BSE is Rs 70.40 per share. Earlier, the Board of Directors of Aartech Solonics on July 27, 2024 fixed August 9, 2024 as the record date for bonus share and stock split. Aartech Solonics shares offered return of 54% in last 6-months and declined over 3% in last 1-week. The company's market capitalisation stood at Rs 228.27 crore. Check details below:

Aartech Solonics Gives Bonus Share Allotment Update: As per the BSE filing of Aartech Solonics issued as on August 13, 2024, "Board of Directors of the Company at its Meeting held on Monday, August L2,2024 at 01:00 pM at the registered office of the company, has duly approved the following matters:

a) Allotted 10590125 equity shares of Rs. 5/- each as fully paid bonus shares to the existing shareholders of the Company as on record date August 09, 2024 in the ratio of 1:2 [i.e., 1 (one) fully paid-up equity share for every 2 (Two) equity shares held."

Aartech Solonics Shares Performance: The 52-week high price of Aartech Solonics shares on BSE is Rs 88.05 per share (as on 03/05/2024) and 52-week low price is Rs 41.94 per share (as on 21/12/2023), respectively. Aartech Solonics shares slipped more than 4% in last 3-months, gained 64% in last 1-year, rallied 572% in last 2-years, and offered return of 856% in last 3-years.

Aartech Solonics Dividend History: Aartech Solonics announced 4 dividends since September 15, 2020. In last 1-year, Aartech Solonics announced an equity dividend amounting to Re 0.50 per share. At the current share price of Rs 230.65, Aartech Solonics offers a dividend yield of 0.71%. Adjusting for bonus/splits the dividend yield is 0.24%.

About: Aartech Solonics Ltd is a System Solution Oriented R&D Enterprise in the field of specialised and selected energy applications. It provides technical expertise to all its customers in expanding energy market across the globe. Some of its leading customers are BHEL, NTPC, SAIL, BALCO, Reliance Energies, Hindalco,L &T,Essar, Siemens, Indiabullies, DLF, and ABB, among others, according to its official website.

Disclaimer: The stock highlights the bonus share, stock split, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.